Binary Exchange Technologies LLC

Binary Exchange Technologies LLC, a service-disabled veteran-owned small business and 8(a) Program Participant headquartered in Germantown, Maryland, operates as a prime contractor (100% of awards) delivering facilities maintenance, construction, and infrastructure services to federal agencies, with a portfolio dominated by HVAC installations, building renovations, electrical upgrades, roofing repairs, and asbestos abatement at military installations, federal courthouses, national cemeteries, and civilian agency properties.

The vendor is minority-owned, Asian-Pacific American owned, and certified as a small disadvantaged business (Self-Certified) and service-disabled veteran-owned small business. Binary Exchange competes predominantly under 8(a) set-asides—both sole-source and competitive—and achieves meaningful awards across full-and-open vehicles as well. The corporate structure includes a named subsidiary, Binary Terra JV1 LLC, a service-disabled veteran-owned small business joint venture.

Binary Exchange's customer concentration spans 62 federal agencies but clusters around defense and VA installations. The top five funding agencies account for 60% of award count: the Naval Air Warfare Center (103 awards, $33.2 million), the Army Reserve Command (50 awards, $70.8 million), the Coast Guard (43 awards, $4.4 million), GSA Region 2 (26 awards, $14.3 million), and the Army Corps of Engineers Engineering District Philadelphia (22 awards, $6.2 million). By potential value, Naval Sea Systems Command leads the portfolio at $3.97 billion combined potential value across 14 awards—a significant outlier driven by large indefinite delivery contract vehicles. The Army Reserve Command, National Cemetery Administration, Naval Air Warfare Center, and National Park Service round out the top five by dollars. This concentration reflects Binary Exchange's strategic positioning in military facilities maintenance and construction across the mid-Atlantic region, with secondary strength in VA cemetery improvements and National Park Service pavement preservation work.

Binary Exchange holds seven named indefinite delivery vehicles totaling approximately $98 million in ceiling value. The largest by ceiling is a $49 million multiple-award IDIQ with the National Cemetery Administration for construction services across 155 national cemeteries in the North Atlantic District (awarded November 2024, extending through 2034). The Army Reserve Command awarded a $39.9 million multiple-award contract (JOC Region A, awarded June 2025, through June 2030) for construction services across Delaware, Maryland, Virginia, and West Virginia. A $23.25 million competitive 8(a) Job Order Contract with Army Reserve for Region C (awarded July 2025) consolidates recurring task orders for facility repairs, HVAC replacements, and infrastructure upgrades. The Naval Air Warfare Center issued a $4.5 million 8(a) sole-source IDC (July 2024, through July 2027) for small construction services at Patuxent River. Naval Sea Systems Command awarded a $5 million blanket purchase agreement for air conditioning equipment (June 2024, through June 2029) and a mechanical/controls BOA for fiscal years 2025–2030 with no specified ceiling. Naval Facilities Engineering Command holds a $1.65 million 8(a) sole-source IDC for automatic doors maintenance at Naval Security Agency Philadelphia (October 2022, through September 2027). These vehicles drive task order activity: the top vehicle by task order count is an Indefinite Delivery Contract (N0042124D0020) with 38 orders totaling $4.6 million, followed by the Army Reserve's W15QKN20D5045 contract with 37 orders worth $6.3 million.

Year-over-year activity shows growth through 2024, reaching 65 awards that year, followed by moderation to 46 in 2025 and 3 through April 2026. Over the past five years (2022–2026), the vendor averaged 44.6 awards annually. Six awards are scheduled for completion within the next 24 months, carrying a combined potential value of $966 thousand—a modest recompete exposure reflecting the backlog of work already issued under larger vehicle ceilings.

On federal service contracts above the $150,000 SCI reporting threshold, Binary Exchange reported $17.2 million in invoiced revenue across 14 prime records spanning fiscal years 2022–2024: $2.1 million in FY2022 (0.3 FTEs), $5.8 million in FY2023 (2.3 FTEs, translating to approximately 5.9 FTEs at contract level), and $9.3 million in FY2024 (4.0 FTEs reported, 7.3 FTEs at contract level). The FTE trajectory shows growth in scale of federal service delivery, though SCI captures only a fraction of the vendor's total federal award activity; the vast majority of Binary Exchange's federal work is project-based construction and equipment procurement rather than labor-hour service contracts. Across SCI-reportable prime contracts, the vendor engaged subcontractors for an average of 50% of total contractor hours, working with seven named subcontractors. Government-paid hourly rates on prime contracts ranged from a 10th percentile of $110.28/hr (likely for junior or supporting labor) to a median of $904.12/hr and a 90th percentile of $1,239.69/hr, reflecting a mix of direct labor, specialized technical roles, and management-level staffing.

Binary Exchange's award mix by NAICS centers on Commercial and Institutional Building Construction (223 awards), Plumbing, Heating, and Air-Conditioning Contractors (35 awards), and equipment repair/maintenance (21 awards), with secondary activity in electrical contracting and remediation services. By PSC code, Repair Or Alteration Of Office Buildings dominates (122 awards), followed by Maintenance Of Office Buildings (98 awards), reinforcing the vendor's focus on facility lifecycle services rather than new construction.

Recent significant awards include a $940.7 million definitive contract with the National Park Service for HVAC system replacement at the Charles S. Peirce House in Milford, Pennsylvania (awarded September 2024, total small business set-aside); a $2.9 million pavement rehabilitation contract with the National Park Service in Gettysburg (July 2023, 8(a) sole source); a $2.68 million pavement preservation contract for Fredericksburg, Virginia (September 2024, 8(a) sole source); and recurring multi-million-dollar facility upgrades and repairs across Army Reserve centers in the mid-Atlantic, including a $694 thousand floor repair at Charleston Armed Forces Reserve Center in West Virginia (July 2025) and a $525 thousand interior repair at Fort Story in Virginia Beach (May 2025). The vendor holds no named subcontractors across its prime award portfolio, indicating that subcontracting relationships are informal or handled at the project delivery level rather than formally tracked at contract inception.

Binary Exchange Technologies specializes in two areas. The first area is-activities related to construction--demolition, flooring, framing, architecture, and remodeling. The second area is cybersecurity, network architecture, and other network activities.